Gold is currently approaching the sell target 1250.00 that was set in our previous report for this instrument. The price earlier broke the upward sloping support trendline from January – which accelerated the currently active minor impulse wave 3 and led to the breakout of the support level 1275.00 (which has been reversing the price up from the start of April, as you can see on the daily Gold chart below). Read more
Apple recently rose sharply above 620.00, which is the first of the two buy targets set in our previous report for this company. The price yesterday closed near the second of these 2 buy targets – 640.00. Read more
Forex trading pushed the AUD/USD to its highest value in more than a week on May 29.
Strong economic data pushes AUD/USD higher
Forex trading caused the GBP/USD to plunge to its lowest level in six weeks on May 28, as global market participants responded to economic data showing strength in the U.S. and weakness in the U.K.
British economic data lackluster
Stocks – Europe
Stocks in Europe were seen trading a little mixed on Thursday as investors awaits data on the US jobless claims and US gross domestic product (GDP) report for the first quarter due later in the day.
The European Euro Stoxx 50 rose 0.18% higher, opening the session at 3,246.50, while the German DAX gained 0.08% to 9,947.80 at the time of writing. At the same time in France, the benchmark CAC 40 slid 0.2% lower, to start at 4,529.30, while the UK’s FTSE 100 added 0.10% to 6,858.30. Read more